USD CAD Technical Analysis June 7, 2023
The USD declined 0.30% against the CAD on Tuesday and closed at 1.3400. Today in the European session, while USD CAD Technical Analysis June 7, 2023, is prepared at 5:00 GMT, the USD/CAD is trading at 1.3383, which is 0.13% lower than CAD from yesterday’s close.
The pair is expected to find support at 1.3365 and a fall-through could take it to the next support level of 1.3335 The pair is expected to find its first resistance at 1.34525, and a rise-through could take it to the next resistance level of 1.3450. Today’s expected trading range is between 1.3320 support and 1.3460 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3365
Support 2: 1.3335
Support 3: 1.3320
Important resistance levels:
Resistance 1: 1.3425
Resistance 2: 1.3450
Resistance 3: 1.3460
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